Forex news for October 23, 2014: Doctor who treated ebola patients rushed to New York City hospital US initial jobless claims 283k vs 282k exp October 2014 US Markit manufacturing PMI flash 56.2 vs 57.0 exp August 2014 US FHFA … Continue reading
I don’t often show 1 minute charts but the market isn’t exactly sure how to deal with the ebola scare in New York.
In life, and markets, timing is everything. If news about ebola in New York City would have hit last week it would have been panic mode in markets (even moreso than it was). Instead, traders have had a chance to … Continue reading
This is hitting markets, from the New York Post: Dr. Craig Spencer, who returned to New York City from Africa 10 days ago, was rushed in an ambulance with a police escort from his Harlem home to Bellevue Hospital on … Continue reading
Oil longs finally caught a break today on talk of Saudi oil production cuts. The headlines sent WTI crude immediately $1 higher to $81.75. After some choppiness, it has continued higher to $82.05. But what’s more important is that it’s … Continue reading
EUR/JPY is a classic metric of the trade but it’s been hit-and-miss since the European crisis because of the euro-specific negative factors. No one is in love with either currency because of non-existent growth and potential deflation. Today, the pair … Continue reading
Analysts at Merrill Lynch have been looking at the long term USD/JPY charts … and they like what they see. A key level they highlighted was the downtrend since 2002. They say a break above confirms a base and targets … Continue reading
The AUDUSD trading range is less than 100 pips this week. The is toward the low end of the extreme (SEE 1-week ATR in the chart below). I know we had equally as low trading ranges earlier this year, but … Continue reading
The US sold $7 billion 30-year TIPS in a re-opening of the Feb sale. The similar (Feb 2044) long bond is trading at 3.055%. That puts the 30-year breakeven at 2.072%, implying that rate of inflation over the life of … Continue reading
It’s turning into a dreadful day for the yen as it loses heavy ground right across the board. USD/JPY is finally beginning to benefit from the rebound in the risk trade as it climbs alongside Treasury yields. There are offers … Continue reading
ForexLive Americas coverage captures all the forex news that can impact FX traders in this region. Get the top global bank news and politics from North and South America. Check in with our Forex news Americas coverage daily and keep up with our live updates to give your forex trading strategy an edge. Trading in realtime isn't easy so you need to have all the facts, data and information necessary to make FX trading decisions on American trading pairs in the region quickly. Get trading technical analysis tips on the Americas and find out ways to trade the news to your advantage. Whether it's the Canadian dollar, the U.S. dollar or the Mexican peso, you'll find all the news you need to know right here.